AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENTLoan and Security Agreement • April 27th, 2016 • Celator Pharmaceuticals Inc • Pharmaceutical preparations • California
This AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT (this “Amendment”), is entered into this 25th day of April, 2016 (the “Effective Date”), by and among (a) (i) CELATOR PHARMACEUTICALS, INC., a Delaware corporation (“Inc.”), (ii) CELATOR PHARMACEUTICALS CORP., a Nova Scotia unlimited liability company (“Corp.”) and (iii) each of its subsidiaries appearing on Schedule 1 attached hereto (hereinafter collectively referred to, together with Inc. and Corp., individually and collectively, jointly and severally, as the “Borrower”), (b) the several banks and other financial institutions or entities from time to time parties to this Agreement (collectively, the “Lender”), and (c) HERCULES CAPITAL, INC., f/k/a Hercules Technology Growth Capital, Inc., a Maryland corporation in its capacity as administrative agent for itself and the Lender (in such capacity, the “Agent”).
